DeFi Box Returns - DeFi on EOS

After the ups and downs of the latest bull-run, my DeFi box returns have been trucking along nicely. I haven't wanted to put too much into the pool as it can be risky, particularly in the current market.

I initially had the following liquidity in pools:

With the bull-run, I decided to pull out some gains in USDT and hold to see how the market goes. A dip at the moment in EOS sees me up a little. I also reduced my initial BOX liquidity and took a few small gains, flipping them into LEO when LEO was 0.8 HIVE. I know this decision was a wise one!

Now currently I have the following liquidity:

You can see that my BOX returns are in the positive now and continue to increase now that BOX has had a reduced supply implemented and new markets have been opened. I have also added a small amount of liquidity to the USN stable coin pool.

The unseen benefit here is the "mining" of BOX and EOS for providing liquidity to the DeFi BOX pool. Currently, for providing this liquidity I am receiving the following weekly returns:

BOX: 0.25 BOX / WEEK = 13 BOX / YEAR
@ Current Prices = $150 (39 EOS / YEAR)
EOS: 0.3 EOS/Week = 15.6 EOS/ YEAR
@ Current Prices = $58

As you can see, BOX is more profitable, depending on the BOX token price. As the BOX token becomes harder to 'mine' and scarcity increases, BOX will continue to rise IMO. I'll HODL BOX and see what happens. If EOS becomes more prominent as a DeFi then BOX should also increase in value too.

So with an investment of 130 EOS, I could potentially see a return of 54.6 EOS a year from mining. Not a bad return for the investment outlay. At the moment the returns are high as DeFi BOX is being used heavily as a swap mechanism for various EOS tokens.

I also added some liquidity to the WEEDCASH EOS token pool:

Although only a small 0.5 EOS liquidity. This is an area that the WeedCash team could be tapping into. I am going to delve into whether the DeFi BOX team would investigate having mining rewards for the WEED token implemented but that would require more liquidity to be added.

This is not investment advice!

Thanks for reading.

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Posted Using LeoFinance ^Beta